This is the first of my blog entries.
It's been almost 2 hours since I got here this a.m. and aside from my gold system trade, I have not put anything on. Very cathartic holding back from putting on tons of trades to just make money. I find that looking back over results of many months, I usually try to just make money as soon as I can. I find it hard NOT to be in the market at all times, even if just a 1 lot. What that has netted me, a lot of winners and a lot of losers and a lot of commissions and a lot of stress.
It's much better for me to weed out all those hundreds of trades I make with 70% sureity and focus only making trades that I am 90%+ sure of. Now, that doesn't mean that I will make money on those trades all the time, but I think it will be a lot better for the "making money" goal I have set for myself in life. If making trades was the goal, then I reached that goal a LONG time ago! My goal is to one day get very real and honest about my trading. As soon as I can admit things to this blog, I may get somewhere.
Hmmmm....about time, huh?
Andy
About Me
- TraderDiary
- I'm a 30 year old Jersey Boy who spent the past 8 years on the Chicago Mercantile Exch. floor trading equity index futures. I have traded in most of the chicago exchanges including the cboe, cbot working for Wolverine Trading, an options firm. My wife and I relocated to Scottsdale, where I manage my own money and some investor money as well. I also run a commodity pool which trades all index futures and precious metal futures.
4 comments:
When you said, "It's much better for me to weed ...with 70% sureity and ...making trades that I am 90%+ sure of," I couldn't agree with you more. After many years playing poker, which we have discussed as being highly correlated to trading, I must re-iterate that patience is a virtue and well thought out tactical plays that fit into your overall strategy help achieve your long-term goal.
sell aug cattle
dear mr.blogger, hang in there. things will get better
As you know discipline is the key. Only do what the system tells you. Don't let your emotions come into play.
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